In the year to June 30 Mecca Bingo’s attendance figures have fallen by 7% which is probably a bit alarming for the chain’s owners, The Rank Group. In some ways this was good news however, as the first quarter showed a fall of 10% which may partially been down to the great summer we had. […]
Tag: The Rank Group
All 135 Gala Bingo Clubs Up Sale
There have been hints over the past year that the Gala Coral Group who own the Gala Bingo chain were going to sell off their bingo halls in advance of a stock market flotation. And now it looks like the big sale is about to become a reality. The sale which comes in at roughly […]
Mecca Group Rank Buy Out Gala Casinos
Whilst you might not have known it, the competition that has been going on for domination of the bingo industry has been running parallel in the casino industry. The Rank Group, owners of Mecca Bingo clubs across the UK, have bought out nearly all of the Coral owned Gala Casinos across the country. Grosvenor casinos […]
Big News Roundup – Closures, SkyBingo, Gala TV, Rank And Callers Competition
With the Online Bingo Summit this week, and the run-up to it previously, I’ve let lots of little stories slide under the radar and go unmentioned. So, to right that wrong, here’s a bit of a headline blast for you. First up I wanted to flag a couple of Bingo hall closures, which as you […]
Rank Scraps Share Dividend
As I mentioned earlier, Rank issued a trading report today that has seen their recent problems continue. Sales and admissions are down, and the near future is described as “challenging.” Share prices dropped slightly, but given the speculation that continues about a take over of the company, the drop was comparatively small given the bad […]
UK Property Developer Gets Share Of Rank
More shares news from Rank, over the weekend it was reported that Richardsons Capital had built up a 9.3% stake in the company. The UK company specialise in property development and has traded in the CFDs rather than actual shares. The FT reports that the company director Lee Richardson considers the company grossly undervalued. A […]
Malaysian Group Get 10% Share In Rank
News and speculation around Rank continues to grow as the Times reports on a secretive share buy out by the Malaysian group Genting. Genting already have a stake in a number of UK leisure businesses, and their 10% stake in Rank is considered to put them in a place to defend against a take over […]
As The UK Goes Smoke Free – Rank’s Shares Rise
At 6am yesterday morning England joined the rest of the UK with the introduction of the smoking ban. It’s now illegal to smoke in any enclosed public spaces anywhere in the UK – including the 600+ Bingo halls around the country. We’ve been covering this for a while now, the Bingo industry has been in […]
